Teachers Retirement System of The State of Kentucky trimmed its holdings in shares of General Dynamics Co. (NYSE:GD) by 3.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 54,839 shares of the aerospace company’s stock after selling 2,000 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in General Dynamics were worth $11,157,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Caisse DE Depot ET Placement DU Quebec lifted its holdings in General Dynamics by 2,097.3% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,711,597 shares of the aerospace company’s stock worth $353,351,000 after buying an additional 1,633,700 shares in the last quarter. American Century Companies Inc. lifted its holdings in General Dynamics by 9,395.8% in the 4th quarter. American Century Companies Inc. now owns 452,570 shares of the aerospace company’s stock worth $92,075,000 after buying an additional 447,804 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in General Dynamics by 119.3% in the 4th quarter. Renaissance Technologies LLC now owns 703,800 shares of the aerospace company’s stock worth $143,188,000 after buying an additional 382,883 shares in the last quarter. Alyeska Investment Group L.P. lifted its holdings in General Dynamics by 82.6% in the 3rd quarter. Alyeska Investment Group L.P. now owns 697,511 shares of the aerospace company’s stock worth $143,394,000 after buying an additional 315,512 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in General Dynamics by 6.1% in the 3rd quarter. Janus Henderson Group PLC now owns 5,302,868 shares of the aerospace company’s stock worth $1,090,164,000 after buying an additional 304,175 shares in the last quarter. 93.41% of the stock is owned by hedge funds and other institutional investors.
In related news, insider John Patrick Casey sold 9,304 shares of the stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $215.29, for a total transaction of $2,003,058.16. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Lester L. Lyles sold 5,210 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $220.73, for a total transaction of $1,150,003.30. Following the sale, the director now owns 12,537 shares in the company, valued at approximately $2,767,292.01. The disclosure for this sale can be found here. In the last quarter, insiders have sold 30,357 shares of company stock worth $6,715,463. 6.70% of the stock is owned by company insiders.
Shares of General Dynamics Co. (GD) opened at $223.35 on Wednesday. The firm has a market cap of $66,703.16, a PE ratio of 23.39, a P/E/G ratio of 2.38 and a beta of 0.83. General Dynamics Co. has a 12 month low of $183.72 and a 12 month high of $230.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.99 and a current ratio of 1.40.
General Dynamics (NYSE:GD) last released its quarterly earnings data on Wednesday, January 24th. The aerospace company reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.13. The firm had revenue of $8.28 billion for the quarter, compared to analyst estimates of $8.40 billion. General Dynamics had a net margin of 9.40% and a return on equity of 27.22%. General Dynamics’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.89 earnings per share. analysts expect that General Dynamics Co. will post 11.09 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 11th. Investors of record on Friday, April 13th will be paid a dividend of $0.93 per share. This is a positive change from General Dynamics’s previous quarterly dividend of $0.84. The ex-dividend date is Thursday, April 12th. This represents a $3.72 annualized dividend and a yield of 1.67%. General Dynamics’s dividend payout ratio is 35.18%.
A number of equities analysts have commented on the stock. Zacks Investment Research lowered shares of General Dynamics from a “buy” rating to a “hold” rating in a report on Monday. ValuEngine upgraded shares of General Dynamics from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Royal Bank of Canada set a $246.00 price objective on shares of General Dynamics and gave the stock a “buy” rating in a report on Tuesday, January 23rd. Citigroup boosted their price objective on shares of General Dynamics from $215.00 to $235.00 and gave the stock a “neutral” rating in a report on Thursday, January 25th. Finally, Cowen restated an “outperform” rating and issued a $253.00 target price (up previously from $230.00) on shares of General Dynamics in a research note on Monday, February 26th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company’s stock. General Dynamics currently has a consensus rating of “Hold” and an average target price of $235.88.
General Dynamics Company Profile
General Dynamics Corporation is a global aerospace and defense company. The Company offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; information technology (IT) services and C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) solutions, and shipbuilding and ship repair.
Want to see what other hedge funds are holding GD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Dynamics Co. (NYSE:GD).
Receive News & Ratings for General Dynamics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Dynamics and related companies with MarketBeat.com's FREE daily email newsletter.